Skandinaviska Enskilda Banken AB publ Purchases 4,897 Shares of Immersion Co. (NASDAQ:IMMR)

Skandinaviska Enskilda Banken AB publ raised its position in Immersion Co. (NASDAQ:IMMR) by 68.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,042 shares of the software maker’s stock after purchasing an additional 4,897 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Immersion were worth $106,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Immersion by 29,900.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker’s stock worth $26,000 after acquiring an additional 2,990 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Immersion during the 4th quarter worth $51,000. AlphaQuest LLC bought a new stake in shares of Immersion during the 4th quarter worth $61,000. Quantbot Technologies LP bought a new stake in shares of Immersion during the 3rd quarter worth $78,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Immersion during the 4th quarter worth $98,000. 60.57% of the stock is owned by institutional investors.

Insider Buying and Selling at Immersion

In other news, Director Toro 18 Holdings Llc acquired 59,146 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the completion of the transaction, the director now owns 11,065,848 shares of the company’s stock, valued at $93,949,049.52. The trade was a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on IMMR. Craig Hallum dropped their price objective on shares of Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, March 13th. BWS Financial reiterated a “buy” rating and issued a $13.50 target price on shares of Immersion in a research report on Thursday, March 13th.

Immersion Price Performance

Shares of NASDAQ:IMMR opened at $7.58 on Wednesday. The stock has a market cap of $245.56 million, a PE ratio of 2.71 and a beta of 1.55. The company’s fifty day moving average is $8.27 and its 200 day moving average is $8.59. Immersion Co. has a 52 week low of $7.06 and a 52 week high of $13.94. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

Immersion (NASDAQ:IMMR) last issued its earnings results on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.33. The company had revenue of $474.76 million for the quarter, compared to analysts’ expectations of $9.45 million. Immersion had a net margin of 11.79% and a return on equity of 28.08%. Research analysts anticipate that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, April 14th. Immersion’s payout ratio is 6.47%.

Immersion Company Profile

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.